The statistic is scary enough, but couple this with the fact that the bad actors aren’t just targeting the large companies that move significant sums of money. According to a study cited, 63% of the attacks are specifically targeting data and credentials, meaning every size organization is vulnerable.

The statistic is scary enough, but couple this with the fact that the bad actors aren’t just targeting the large companies that move significant sums of money. According to a study cited, 63% of the attacks are specifically targeting data and credentials, meaning every size organization is vulnerable.

The article highlighted five areas you need to consider:

Your bank and other financial institutions aren’t as secure as you think. This includes ATMs infected with malware (that is remarkably easy to acquire) to steal funds directly out of accounts.

Insurance companies are refusing to reimburse for losses due to cyberattacks. Make sure you understand what is and isn’t covered on your policy. After the occurrence is no time to discover you’re not covered.

Every piece of data is valuable to hackers. This includes logins, SSN’s and answers to security questions and more. If you’ve collected the data, it’s your responsibility to protect it, and your reputation in on the line. Even if it’s stored in a 3rd party system.

Phishing emails are more difficult to detect. According to the article, Barracuda noted more than 10,000K unique phishing attempts in May 2018, generating millions of phishing emails sent. This isn’t overall attempts, this is unique emails instances that were sent out. We’ve all seen the emails and they are getting harder to spot.

Cybersecurity is an approach, not a solution. According to Forbes and Gartner, companies will spend $96 billion on cybersecurity in 2018. The bulk will be spent on reactions to a specific breach rather than on implementing new security measures. This means that most small, entrepreneurial organizations will still be just as vulnerable because they don’t know where to start. Securing your company means all areas of the company and requires “a more holistic approach to managing your cybersecurity efforts.”

Talk to Us. We Get IT.

If you believe an ounce of prevention is worth a pound of cure we should talk.